A proposed corporate distress and recovery prediction score based on financial and economic components

作者：

Highlights：

• We propose a new corporate distress and recovery prediction score, the FL-Score.

• The FL-Score is based on financial and economic components.

• The FL-Score has predictive value regarding different types of distress.

• The FL-Score identifies different risk profiles regarding the size of the firms.

• The FL-Score is related to current and future economic value generation.

摘要

•We propose a new corporate distress and recovery prediction score, the FL-Score.•The FL-Score is based on financial and economic components.•The FL-Score has predictive value regarding different types of distress.•The FL-Score identifies different risk profiles regarding the size of the firms.•The FL-Score is related to current and future economic value generation.

论文关键词：Corporate failure,Corporate recovery,Economic distress,Financial distress

论文评审过程：Received 26 March 2021, Revised 7 November 2021, Accepted 21 February 2022, Available online 28 February 2022, Version of Record 4 March 2022.

论文官网地址：https://doi.org/10.1016/j.eswa.2022.116726